Reserves for Multi-Family

[Daniel Mills]

Hi guys,

I own 8 SFHs and keep a reserve of 6 months PITI for each property. I'm in the process of buying 38 units (19 duplexes) with a couple of partners. We are trying to decide how much money to keep in reserve for maintenance and cap-ex. The duplexes have been well maintained by the previous owner but they are about 100 years old each.

Any advice would be much appreciated.

Thanks,

Daniel